AllAnalyst Report
logoMorningstarOctober 28, 2020

Franklin Resources, Inc.: Franklin's Combination With Legg Mason Fills Some Platform Holes, but Industry Headwinds Persist

Symbols
BEN
Sector(s)
Financial Services
Rating
Premium
Current Price
$23.71
Fair Value
Premium
Economic Moat
Premium
Stewardship
Premium
Summary

Franklin Resources provides investment services for individual and institutional investors. At the end of September 2020, Franklin had $1.419 trillion in managed assets, composed primarily of equity (31%), fixed-income (46%), multi-asset/balanced (10%) funds, alternatives (9%) and money market funds. Distribution tends to be weighted more toward retail investors (51% of AUM) investors, as opposed to institutional (47%) and high-net-worth (2%) clients. Franklin is also one of the more global firms of the U.S.-based asset managers we cover, with more than 40% of its AUM invested in global/international strategies and close to 30% of managed assets sourced from clients domiciled outside the United States.

Premium
Subscribe to Yahoo Finance Premium for full access
Read the latest independent research including analyst forecasts, ratings on the US economy, and more. Get individual company and overall sector level recommendations.
Try Premium FREE